New Clean Energy Tech Program Launched
My colleagues at the The Connecticut Clean Energy Fund (CCEF) asked me to post a notice about a new Operational Demonstration Program the Fund has launched. This program funds the installation, demonstration and testing of pre-commercial clean energy technologies in Connecticut by providing loans of $150,000 to $500,000.
New features of the program include: semiannual application and funding cycles, streamlined application process, a competitive judging process and expanded list of eligible technologies. Additionally, funding of $4 million has been budgeted for the program over the next two fiscal years, enabling it to support up to six new projects per year.
Eligible projects can be full systems, system components or manufacturing innovations in the following areas:
- Electricity generation using renewable energy sources or high efficiency methods
- Advanced energy efficiency and energy management for buildings and industrial processes
- Hydrogen and biofuels production for stationary electricity generation
- Eligible technologies must have been proven technically feasible in a laboratory or other experimental setting and be field operational.
The program is designed to competitively select and fund projects with strong commercial promise and potential to deliver significant benefits to Connecticut including job creation, reduced energy costs and environmental benefits.
Under the new program, prospective applicants are directed to a pre-qualification survey, which poses a series of questions to screen for basic eligibility. Following this first step in the application process, eligible applicants are invited to submit a detailed application that is evaluated by CCEF staff and then judged by a panel of industry experts. Winning applicants are recommended to the CCEF Board for final funding approval.
Lise Dondy, president of CCEF, stated in the press release, “Programs such as the Operational Demonstration Program are critical to accelerate the growth of the clean energy sector in Connecticut. Commercial success of emerging technologies in this sector will not only bring competitive alternatives to fossil fuel based technologies but will also bring job creation to the state.”
The Operational Demonstration Program is one of three investment programs offered by CCEF and Connecticut Innovations to help accelerate the development and commercialization of innovative clean energy technologies in Connecticut. The three programs invest in projects along a continuum of technology readiness. These programs, from earliest to latest stage, include the new Alpha Program (soon to be announced), the Operational Demonstration Program, and the Connecticut Clean Tech Fund.
For more information about the Operational Demonstration Program, visit www.ctcleanenergy.com/opdemo
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